Brandes Investment Partners Reduces $32M in Innovex International, Inc. ($INVX)
Key Points
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Brandes Investment Partners reduced its position in Innovex International, Inc. ($INVX) by 14.01% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,583,415 shares of Innovex International, Inc. after selling 1,072,795 shares during the quarter. Brandes Investment Partners's holdings in Innovex International, Inc. were worth $193.88 million as of its most recent filing.
Innovex International, Inc. Stock Down 2.2%
Shares of Innovex International, Inc. ($INVX) traded around $29.45 on Saturday, down 2.2% for the day.
Innovex International, Inc. Earnings
Analysts Set New Price Targets
About Innovex International, Inc.
Innovex International, Inc. designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide. It provides drilling enhancement tools to optimize drilling performance, increase rate of penetration, and mitigate downhole challenges; and fishing and intervention which supports workover, intervention, drilling and completion activities, as well as manufactures and sells products including external catch tools, internal catch tools, and other related fishing and remedial tools. The company also offers well production solutions comprising products and services that enable artificial lift in wells and provides artificial lift accessory products and services, as well as wellhead penetrators, tubing hangers and adapters, ESP cable management, and spooling services; service, mileage, and others; subsea equipment and engineered systems for offshore applications, including subsea wellheads, subsea connectors, casing connectors, deepwater centralization solutions, and diverter systems; and surface wellhead systems. In addition, it provides well completion portfolio comprising products used to enable a well to be stimulated and put on production, such as liner hanger systems, toe initiation products, frac plugs, completion packers, casing flotation products, and related completion accessories; and well construction portfolio that consists of products designed to ensure the structural integrity of the wellbore. Further, the company offers products utilized to support effective cement placement between the wellbore and casing. It sells and rents its products to international and national oil companies, independent exploration and production companies, and multinational service companies. Its products have applications in the onshore and offshore oil and natural gas wells, including well construction, well completion, and well production and intervention. The company was founded in 2016 and is headquartered in Humble, Texas.
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